champagnecharli

My husband and I are thinking of buying a house/apartment in probably the south of Tenerife and wondered how much they are going for at the moment. I have looked on the web, but the prices are a bit steep. We don't necessarily want one near the beach as I do believe that property is cheaper inland, but after saying that we don't want one too remote either. I was just thinking maybe someone on the forum had any idea's? I will be retiring in August this year and I thought I could use my pension to help pay for one.

thanks

jane b

please read through the forum and maybe long let for three months in an area were you would like to live, it is a buyers market so lots for sale , good luck i actually rented with an option to buy a few years ago but not a bad idea

lord_cheeseman

you should easily be able to pick up a 1 bed for 100k if you are on the mountain side of the motorway. I saw a 2 bed in Adeje going for 105k not so long ago. I can send you an e-mail of someone that can send you a few examples if you so wish?

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Studio for long let (12 month) in Los Cristianos, 400 euro per month plus bills (~30 euro). Sky TV, Heated pool, off street parking, 24hr security. Let till MAY 2008

gillwalsh

Good luck in finding your dream place

kathml

Rent for 6 months while you look around take your time the only way prices are going in the near future is down or possibly static but no hurry

Flossieinpink

It's sound advice to try out the area first as the others said. Also I'd recommend using a well established estate agent. We had all our transactions fully taken care of 5 years ago when we bought our place. Like you, we hope to retire there in a few more years. All the best x

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Flossie in Pink xx

champagnecharli

thanks everybody for your quick response I hope to be coming over next year as we have booked to go to goa in february 2009 so I will sift through your recommendations first

thanks again

jogger321

I'd think very carefully about buying right now..Agree with previous posters..rent first and this will give you a chance to evaluate the different potential places to buy.

There are different views on the forum on where prices are heading..My own view is leave it 18 months and in many apartment blocks you will be looking at 30% cheaper than advertised asking prices today

PeterRayner

and if he is wrong you might be well out of pocket

I personally think the 18 months timescale is a little bit OTT.

Property on our complex is still holding its price ATM things seemed to have stalled I grant you but cant see much evidence to support such a drastic decline.

Our neighbour has just put his on the market I believe and it will be interesting to see what happens with the traditional peak buying period fast approaching.

Mike in Chayofa

The peak buying period for people from the UK is actually coming to an end.

If things follow their usual pattern (and all evidence suggests that it probably won't ) ... May will be dead. June, July and August will be Spanish and Euro currency countries that buy.

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